297 Rose Lane
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 23, 2019 | Sold | ||
| Sold | |||
| Jun 28, 2019 | Listed by Compass | $1,295,000 | |
| Listed by Compass | |||
| Sep 21, 2018 | Sold | ||
| Sold | |||
| Jun 16, 2018 | Listed by Pacific Cove Realty and Loan | $995,000 | |
| Listed by Pacific Cove Realty and Loan | |||
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This is the ultimate fixer - GREAT OPPORTUNITY to create that forever home near the California coast! Located in the highly sought-after Eastside Costa Mesa neighborhood of upscale and well-kept homes! Incredible location just three blocks to Newport Beach Back Bay. This single story 3 bedroom 2 bath is filled with endless possibilities. Dual driveways with gated RV parking. Previous upgrades include dual pane windows and sliders, Newer Vinyl fencing and cozy wall width fireplace. Good bones, permitted detached garage and bonus room that can be used as a workshop, office, studio or for possible rental income, large Lot and great neighbors! Come take a look and dream a little. With some vision and imagination, you will create 'that house' near the beach you have always wanted! This home is a blank canvas waiting for the right buyer to make it their own masterpiece. Don't miss this opportunity to get into this fabulous neighborhood at a fantastic price. Ask about a FHA 203K remodel loan that covers all your remodeling costs. Call listing agent for details!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017